Charleston Development Acdemy

Analysis

Charleston Development Acdemy is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charleston Development Acdemy reported income of $2.7m and spending of $2.4m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $2.7m (+35%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charleston Development Acdemy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Deerfield Montessori School ($2.7m), Florida High School for Accelerated Learning-Hillsborough County Camp ($2.7m) and Tradesfutures ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $108k (4.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.9m against liabilities of $692k, net assets of $1.2m. It reported 45 employees.